Latest news from Heavy Lift & Project Forwarding International Magazine

SMIT achieves net profit of EUR 28 million in first quarter

May 14 - Net profit for SMIT in the first quarter of 2009 amounted to EUR 28 million, including a net contribution of EUR 10 million from the financial settlement of the 'Thunderhorse' project, without which, net profit from normal operating activities sh

SMIT's CEO, Ben Vree, explains: "It is obvious that the present recession is also affecting our industry. 

"Particularly in the harbour towage market and in the spot market of the Transport & Heavy Lift Division, we see the effects of the current recession due to the large number of laid-up vessels, as well as cancelled and delayed projects. 

"More vessels are being laid-up on a daily basis, resulting in a further decrease of shipping activities during the first quarter of 2009. 

"We feel, however, that this recession will generate opportunities for us as well. The trend towards consolidation in our industry will accelerate, which means that we may expect to expand our global network." 

Heavy Lift | News

Talbert names Henderson thumbnail image

Talbert names Henderson

September 13 - USA-based Talbert Manufacturing has appointed David Henderson as dealer development manager.
Views: 323
XLP gathers in Dubai thumbnail image

XLP gathers in Dubai

September 13 - Almost 160 delegates from around the world gathered in Dubai last week for the XLProjects (XLP) annual general meeting (AGM).
Views: 374
ACS adds office space in Spain thumbnail image

ACS adds office space in Spain

September 13 - Air Charter Service (ACS) has relocated its Spanish operation to larger premises in Madrid.
Views: 362
Persson joins Kässbohrer thumbnail image

Persson joins Kässbohrer

September 13 - Kässbohrer has appointed Christian Persson as its key account manager for Sweden, Finland and Norway.
Views: 404

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